Rise in Commercial Use will Drive Growth in the Electric Unmanned Aerial Vehicles Market by 2019

Reportstack has announced a new market research report on the Global Electric Unmanned Aerial Vehicles Market, which is expected to grow at a CAGR of 18.20 percent from 2013-2018.

The cost-effectiveness of Electric Unmanned Aerial Vehicles (UAVs) is a major draw for buyers in this market. In addition, increased interest in the usage of UAVs for commercial applications and the demand for small electric UAVs will also drive market growth through the projected period.

“Currently, the US leads the market in terms of UAV production and use. However, there has also been a rise in demand from emerging markets, primarily in the Middle East and Asia to include Israel, Russia, the UK, France, Italy, and China,”.

While the Middle East has emerged as the one of the regions with the highest demand for commercial UAVs, there are many emerging countries who are engaging small electric UAVs in various military and civilian operations.

With improvements in technology and the availability of cost-effective systems, developing countries are looking to utilize such UAVs for tactical and surveillance purposes.